Goldman Sachs Cuts Estimates and Price Target on Ford (F); European Pressures Swirling
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Price: $15.65 +0.64%
Rating Summary:
9 Buy, 6 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
9 Buy, 6 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade F Now!
Goldman Sachs maintains a 'Buy' on Ford (NYSE: F) price target of $13.00 (from $15.00).
Analyst, Patrick Archambault, said, "Ford filed an 8-K on June 28 following an interview in the New York Times where CFO Bob Shanks commented on the second quarter, most notably that 2Q12 international pre-tax losses would be would be 3X the $190 mn level seen in 1Q12, and that Ford continues to expect good results in North America and FMCC. The 8-K did not reiterate the claim made in the article that NA should have similar results as Q1. We are revising our 2012/2013/2014 estimates to $1.23/$1.54/$1.88 from $1.43/$1.80/$2.08."
For an analyst ratings summary and ratings history on Ford click here. For more ratings news on Ford click here.
Shares of Ford closed at $10.09 yesterday, with a 52 week range of $9.05-$14.22.
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Analyst, Patrick Archambault, said, "Ford filed an 8-K on June 28 following an interview in the New York Times where CFO Bob Shanks commented on the second quarter, most notably that 2Q12 international pre-tax losses would be would be 3X the $190 mn level seen in 1Q12, and that Ford continues to expect good results in North America and FMCC. The 8-K did not reiterate the claim made in the article that NA should have similar results as Q1. We are revising our 2012/2013/2014 estimates to $1.23/$1.54/$1.88 from $1.43/$1.80/$2.08."
For an analyst ratings summary and ratings history on Ford click here. For more ratings news on Ford click here.
Shares of Ford closed at $10.09 yesterday, with a 52 week range of $9.05-$14.22.
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